Man Group makes new private credit hire
Man Group has appointed Putri Pascualy to lead its client engagement and strategy relating to private credit and direct lending.
Pascualy, who will hold the role of senior managing director, client portfolio manager, will focus on Man Group’s middle-market direct lending strategy, aiming to build partnerships with global investors cross the institutional, wealth and insurance channels.
She will report to Walter Owens, chief executive of Man Direct Lending, and will be based in New York.
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She joins from TPG Angelo Gordon where she was a senior product specialist, focusing on the firm’s credit multi-strategy and performing credit businesses.
Prior to that, she was a partner and portfolio manager for the credit and co-investment portfolios at PAAMCO Prisma, which is part of KKR’s hedge fund solutions platform.
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The appointment, first reported on by Hedgeweek and confirmed to Alternative Credit Investor by a Man Group spokesperson, comes at a time when the hedge fund group is ramping up its focus on the credit market.
It emerged earlier this year that Man Group – which manages around $175m (£140m) of assets – is retiring the GLG, Man Global Private Markets and Varagon brands, according to an internal communication seen by Bloomberg News.
Man Group acquired US private credit manager Varagon last year. The team will join the widened discretionary division, alongside the firm’s private markets business.